Cressida Hogg, a managing partner of UK
private equity firm 3i’s infrastructure business, will join the $193 billion
fund’s infrastructure team at the end of March.
An investigation into the third largest US public pension fund has allegedly revealed an
excess of $100 million paid to placement agents in the past five years.
Corporate
pension plans’ funding ratios backtracked in January due to sharp reversals in
equity markets and interest rates, according to Russell Investments.